PancakeSwap has just announced a feature that will grab cryptocurrency and trader attention. The popular decentralized exchange has launched an AI-driven prediction market on the Arbitrum blockchain, and this development is one giant step into the future of crypto trading.
Let's see what this new prediction market is all about.
Now, leveraging artificial intelligence to give users a way to bet on short-term price trends, big-name DEX space PancakeSwap makes it even more possible to imagine a situation wherein one can make well-informed predictions on whether the Ethereum price is to rise or fall within the next ten minutes and potentially earn rewards from that. It is not something like a trading tool; instead, it is an amalgamation of ultra-cutting-edge AI technology with the dynamism of crypto, brimming with opportunities for users in a manner incomparable with anything else.
Probably one of the most exciting things about this new feature is that it will involve Quando Labs, which provides AI technology behind the predictions. When it comes to generating price predictions with a good deal of accuracy, advanced machine-learning algorithms are implemented by Quando Labs. Users can either follow the AI strategy or just bet against it to add another level of strategy and excitement.
You will win if AI judges a rise and you agree. On the other hand, if you had bet against the AI, you would win even more with higher multipliers associated with going against the AI prediction, in this case, a drop in price. This would assume a change in competitive positioning for PancakeSwap. In making the launch on the Arbitrum blockchain, what PancakeSwap did was more than just expand its multichain presence—it directly put it in competition with Polymarket, one of the most prominent participants in the prediction market space. With mainly driven various predictions around real-world events like those in markets and politics, Polymarket has been able to drive the essential growth of the Polygon Network.
A focus on crypto price trends powered by AI shifts the balance significantly. That brings a new dynamic that PancakeSwap could use to focus on a slightly varied set of users keen on short-term crypto trading.
What truly differentiates the PancakeSwap offering is the integration of AI, which gives it a rather large edge in strategy and potential profitability.
The fact that AI can read through big data and come up with accurate predictions is presented to the user as a powerful and easy-to-use tool. Being able to follow an AI that has been reported to make predictions accurately up to 65% makes the feature very attractive.
This is not about luck or gut feelings, but making informed decisions aided by sophisticated technology. Moreover, there's a hefty prize pool of 60,000 ARB available with each round. In addition, further incentive opportunities are created by dynamically setting rounds every 10 minutes. A prize pool this big will exert a pull on users from other prediction markets, adding an immediate, tangible reward to the bright predictor.
So, here's an intelligent way to get liquidity and engagement, two of the most crucial elements underscoring any trading platform's success.
Posted Using InLeo Alpha
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